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Atkore Inc. (symbol: ATKR) is a leading industrial company specializing in electrical raceway solutions and mechanical products. With a mission to be the customer's first choice, Atkore delivers unmatched quality, delivery, and value across its comprehensive product portfolio. The company serves a global market with its 3,100 employees and operates 39 manufacturing and distribution facilities worldwide.
Atkore's core business lies in two main segments: Electrical and Safety and Infrastructure. The electrical segment, which contributes most to net sales, includes key product categories such as PVC conduit, steel conduit, and PVC-coated conduit. These products are essential for electrical distributors and play a crucial role in deploying, isolating, and protecting a structure’s electrical circuitry from source to outlet. The safety and infrastructure segment focuses on products like in-line galvanized mechanical tubes, metal framing, related fittings, and security bollards. Additionally, Atkore provides ancillary services to customers, including slitting and cutting structural steel sheets.
The company’s commitment to quality is reflected in its robust product line that includes steel, PVC, and aluminum conduit, armored cable, flexible conduits, metal framing, wire baskets, cable trays, and other complementary products including fittings and mechanical pipe. This wide range of products ensures that Atkore meets diverse customer needs effectively.
Recent achievements underscore Atkore's growth and innovation in the industry. The company has continuously adapted to market demands and expanded its product offerings, ensuring sustainable excellence in strategy, people, and processes. Partnerships and strategic initiatives have further solidified Atkore's position as a reliable provider of electrical and mechanical solutions.
Investors and stakeholders can stay updated with the latest developments and performance metrics of Atkore Inc. through regular news updates, showcasing the company's ongoing projects and financial health. Atkore's dedication to excellence and customer satisfaction makes it a significant player in the industrial sector.
Atkore Inc. (NYSE: ATKR) announced that President and CEO Bill Waltz and CFO David Johnson will participate in a Q&A session at Citi’s 2023 Global Industrial Tech and Mobility Conference on February 21, 2023, at 1:00 PM Eastern Time. A live webcast of the event will be available on their Investor Relations site, with a replay available until February 21, 2024. Atkore is a leading provider of electrical, safety, and infrastructure solutions, focusing on building a sustainable future for customers, employees, and communities.
Atkore Inc. (NYSE: ATKR) reported fiscal 2023 first-quarter earnings with net sales of $833.8 million, a decrease of 0.8% compared to the prior year. Net income fell by $31.4 million to $173.5 million, while diluted earnings per share decreased to $4.20. Adjusted net income per diluted share rose by $0.03 to $4.61. Adjusted EBITDA declined to $263.8 million, down 10% year-over-year. Despite these challenges, Atkore raised its full-year outlook for Adjusted EBITDA to between $950 million and $1,050 million and Adjusted net income per diluted share to $15.85 - $17.75. The company continues to focus on organic and inorganic growth opportunities.
Atkore Inc. (NYSE: ATKR) announced that it will release its First Quarter Fiscal Year 2023 results on February 1, 2023, before the market opens. A conference call will be held at 8:00 a.m. (ET) to discuss these results. Interested parties can access the live call via the Investor Relations section of the company's website. A telephonic replay will be available after the call until February 16, 2023. For more details on Atkore and its offerings in electrical, safety, and infrastructure solutions, visit their website.
Atkore Inc. announced the retirement of William (Bill) R. VanArsdale from its Board of Directors, effective December 28, 2022. VanArsdale, a board member since 2015 and Chair of the Human Resource & Compensation Committee, played a vital role in Atkore's transition to a publicly traded company. His retirement coincides with the appointment of Joanne Edwards to the Board, effective February 1, 2023, maintaining the board size at nine members. Atkore's leadership expresses gratitude for VanArsdale's contributions, citing confidence in the company's future success.
Atkore Inc. (NYSE: ATKR) has appointed B. Joanne Edwards as a director, effective February 1, 2023. This move precedes the mandatory retirement of a current director set for the January 2024 annual meeting. With Ms. Edwards joining, the Board will expand to ten members, nine of whom are independent. Ms. Edwards brings valuable experience from her previous roles, particularly at Eaton Corporation, where she excelled in growth and operational achievements. Her strategic insights are expected to significantly support Atkore's profit and growth strategies.
Atkore Inc. (NYSE: ATKR) announced that President Bill Waltz and CFO David Johnson will participate in a Q&A session at the Credit Suisse 10th Annual Global Industrials Conference on November 30, 2022, at 8:45 am ET. A live webcast will be available on the company's Investor Relations site, and a replay will be accessible until February 17, 2023. Atkore is a leading provider of electrical, safety, and infrastructure solutions, focused on building a sustainable future for its stakeholders.
Atkore Inc. reported strong fourth-quarter and fiscal 2022 results, with net income per diluted share rising to $5.18 and $20.30 respectively. Fourth-quarter net income increased by $18.2 million to $220.8 million, while adjusted EBITDA grew by 11% to $325.1 million. For the full year, net sales reached a record $3.91 billion, up 33.7%. However, the company anticipates a flat to 10% decline in net sales for fiscal 2023, alongside an adjusted EBITDA outlook of $850-$950 million. The Board has increased its share repurchase program from $800 million to $1.3 billion, expiring in November 2025.
Atkore Inc. has acquired the assets of Elite Polymer Solutions for $91.6 million. This acquisition is set to enhance Atkore's High Density Polyethylene (HDPE) conduit offerings, particularly in the telecommunications, utility, and transportation sectors. The move aims to expand Atkore's national footprint and meet the rising demand for underground protection in these industries. Elite Polymer Solutions is based in Lovelady, Texas, employing about 55 staff, and will continue operations at its current location.
Atkore Inc. (NYSE: ATKR) will announce its 4th Quarter FY 2022 results and FY 2023 expectations on
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